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Hanison Construction Holdings

OTCPK:HACO.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HACO.F
OTCPK
HK$1B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Hanison Construction Holdings Limited, an investment holding company, engages in the construction businesses in Hong Kong. The last earnings update was 25 days ago. More info.


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HACO.F Share Price and Events
7 Day Returns
0%
OTCPK:HACO.F
-2.7%
US Construction
-1%
US Market
1 Year Returns
-
OTCPK:HACO.F
-12.8%
US Construction
-0.4%
US Market
HACO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hanison Construction Holdings (HACO.F) 0% 0% - - - -
US Construction -2.7% -9.2% -3.5% -12.8% 5.9% -4%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • No trading data on HACO.F.
  • No trading data on HACO.F.
Price Volatility
HACO.F
Industry
5yr Volatility vs Market

Value

 Is Hanison Construction Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hanison Construction Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hanison Construction Holdings.

OTCPK:HACO.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-03-31) in HKD HK$ .075000
Payout Ratio Company Filings (2019-03-31) 1241%
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:HACO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.023 (1 + (1- 25%) (26.37%))
1.318
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.318 * 6.65%)
11.5%

Discounted Cash Flow Calculation for OTCPK:HACO.F using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Hanison Construction Holdings is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

OTCPK:HACO.F Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= HK$0.08 / (11.5% - 2.73%)
HK$0.01
OTCPK:HACO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HACO.F represents 0.13115x of SEHK:896
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13115x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.86 x 0.13115
$0.11
Value per share (USD) From above. $0.11
Current discount Discount to share price of $0.16
= -1 x ($0.16 - $0.11) / $0.11
-42.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hanison Construction Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hanison Construction Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hanison Construction Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HACO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.55
SEHK:896 Share Price ** SEHK (2019-06-21) in HKD HK$1.22
United States of America Construction Industry PE Ratio Median Figure of 24 Publicly-Listed Construction Companies 14.68x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hanison Construction Holdings.

OTCPK:HACO.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:896 Share Price ÷ EPS (both in HKD)

= 1.22 ÷ 0.55

2.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanison Construction Holdings is good value based on earnings compared to the US Construction industry average.
  • Hanison Construction Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hanison Construction Holdings's expected growth come at a high price?
Raw Data
OTCPK:HACO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.2%per year
United States of America Construction Industry PEG Ratio Median Figure of 19 Publicly-Listed Construction Companies 0.95x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hanison Construction Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hanison Construction Holdings's assets?
Raw Data
OTCPK:HACO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$3.46
SEHK:896 Share Price * SEHK (2019-06-21) in HKD HK$1.22
United States of America Construction Industry PB Ratio Median Figure of 35 Publicly-Listed Construction Companies 1.67x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
OTCPK:HACO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:896 Share Price ÷ Book Value per Share (both in HKD)

= 1.22 ÷ 3.46

0.35x

* Primary Listing of Hanison Construction Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanison Construction Holdings is good value based on assets compared to the US Construction industry average.
X
Value checks
We assess Hanison Construction Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Hanison Construction Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hanison Construction Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hanison Construction Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hanison Construction Holdings expected to grow at an attractive rate?
  • Hanison Construction Holdings's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hanison Construction Holdings's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Hanison Construction Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:HACO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HACO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.2%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 30.3%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:HACO.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HACO.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:HACO.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,948 -892 566
2018-09-30 2,778 -833 829
2018-06-30 2,814 -365 723
2018-03-31 2,432 102 568
2017-12-31 2,943 147 581
2017-09-30 3,037 191 546
2017-06-30 3,127 179 531
2017-03-31 3,216 166 517
2016-12-31 3,030 216 532
2016-09-30 2,844 266 547
2016-06-30 2,734 517 592

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hanison Construction Holdings's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hanison Construction Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:HACO.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hanison Construction Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HACO.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:HACO.F Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.55
2018-09-30 0.83
2018-06-30 0.73
2018-03-31 0.58
2017-12-31 0.59
2017-09-30 0.55
2017-06-30 0.53
2017-03-31 0.51
2016-12-31 0.55
2016-09-30 0.59
2016-06-30 0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hanison Construction Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hanison Construction Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hanison Construction Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hanison Construction Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hanison Construction Holdings's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hanison Construction Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Hanison Construction Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hanison Construction Holdings's 1-year earnings growth is negative, it can't be compared to the US Construction industry average.
Earnings and Revenue History
Hanison Construction Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hanison Construction Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HACO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,948.12 566.22 260.22
2018-09-30 2,778.35 829.39 338.80
2018-06-30 2,813.92 722.84 319.98
2018-03-31 2,432.44 568.49 248.03
2017-12-31 2,943.49 580.96 293.32
2017-09-30 3,037.47 545.63 285.46
2017-06-30 3,126.77 531.28 270.44
2017-03-31 3,216.08 516.94 255.43
2016-12-31 3,030.19 532.17 257.50
2016-09-30 2,844.31 547.39 259.57
2016-06-30 2,733.68 591.55 276.54
2016-03-31 2,623.04 635.70 293.50
2015-12-31 2,633.47 541.79 294.47
2015-09-30 2,643.90 447.89 295.45
2015-06-30 2,369.53 433.55 265.73
2015-03-31 2,095.15 419.20 236.00
2014-12-31 1,858.60 325.36 198.70
2014-09-30 1,622.05 231.52 161.39
2014-06-30 1,624.29 193.61 159.74
2014-03-31 1,626.53 155.70 158.09
2013-12-31 1,566.41 141.96 151.04
2013-09-30 1,506.29 128.21 144.00
2013-06-30 1,530.39 158.24 155.13
2013-03-31 1,554.48 188.27 166.26
2012-12-31 1,582.18 193.82 164.87
2012-09-30 1,609.89 199.38 163.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hanison Construction Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hanison Construction Holdings used its assets more efficiently than the US Construction industry average last year based on Return on Assets.
  • It is difficult to establish if Hanison Construction Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hanison Construction Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hanison Construction Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hanison Construction Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hanison Construction Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hanison Construction Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hanison Construction Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hanison Construction Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hanison Construction Holdings Company Filings, last reported 4 months ago.

OTCPK:HACO.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,779.44 351.00 882.45
2018-09-30 3,970.05 1,208.21 500.26
2018-06-30 3,970.05 1,208.21 500.26
2018-03-31 3,725.75 395.51 1,081.17
2017-12-31 3,725.75 395.51 1,081.17
2017-09-30 3,166.07 1,385.87 710.46
2017-06-30 3,166.07 1,385.87 710.46
2017-03-31 3,066.62 822.16 846.63
2016-12-31 3,066.62 822.16 846.63
2016-09-30 2,691.95 622.12 1,083.68
2016-06-30 2,691.95 622.12 1,083.68
2016-03-31 2,697.24 764.78 1,230.12
2015-12-31 2,697.24 764.78 1,230.12
2015-09-30 1,892.19 263.50 464.72
2015-06-30 1,892.19 263.50 464.72
2015-03-31 1,817.06 691.26 319.87
2014-12-31 1,817.06 691.26 319.87
2014-09-30 1,485.28 811.30 310.09
2014-06-30 1,485.28 811.30 310.09
2014-03-31 1,353.25 770.26 333.56
2013-12-31 1,353.25 770.26 333.56
2013-09-30 1,264.65 874.46 319.03
2013-06-30 1,264.65 874.46 319.03
2013-03-31 1,216.39 874.30 304.50
2012-12-31 1,216.39 874.30 304.50
2012-09-30 1,154.49 663.30 226.82
  • Hanison Construction Holdings's level of debt (9.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.9% vs 9.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Hanison Construction Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Hanison Construction Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hanison Construction Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hanison Construction Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.15%
Current annual income from Hanison Construction Holdings dividends.
If you bought $2,000 of Hanison Construction Holdings shares you are expected to receive $123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hanison Construction Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Hanison Construction Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:HACO.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:HACO.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
OTCPK:HACO.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-07-24 0.075 5.821
2019-06-25 0.075 5.562
2018-11-20 0.075 5.420
2018-07-19 0.072 5.235
2018-06-26 0.072 5.183
2017-07-20 0.072 4.987
2017-06-13 0.072 4.817
2016-07-22 0.075 5.469
2016-06-08 0.075 6.014
2015-07-27 0.044 3.211
2015-06-23 0.044 1.966
2014-07-28 0.040 3.558
2014-06-24 0.040 4.807
2013-07-29 0.040 4.866
2013-06-25 0.040 4.749
2012-11-20 0.033 3.568
2012-06-19 0.031 4.316
2011-11-22 0.031 4.752
2011-06-21 0.031 4.457
2010-06-23 0.033 4.325
2009-12-03 0.017 2.317
2009-06-22 0.010 1.978
2008-12-01 0.020 8.089

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hanison Construction Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hanison Construction Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hanison Construction Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hanison Construction Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hanison Construction Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stewart Wong
COMPENSATION HK$38,139,000
AGE 73
CEO Bio

Mr. Sue Toa Wong, also known as Stewart, serves as the Managing Director of Hanison Construction Holdings Ltd. Mr. Wong joined Hanison Construction Holdings Ltd. in 1989. He has extensive experience in the construction and real estate fields. He has been Executive Director of Hanison Construction Holdings Ltd. since 1989. He appointed as a Director at Million Hope Industries Holdings Limited on 20 February 2018 and redesignated as Non-Executive Director and Deputy Chairman on 9 August 2018. He served as Director for several listed companies and served as Director of HKRI until his resignation in December 2001. Mr. Wong holds a Bachelor Degree in Science from San Diego State University and a master degree of science in civil engineering from Carnegie-Mellon University in the United States of America.

CEO Compensation
  • Stewart's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Stewart's remuneration is higher than average for companies of similar size in United States of America.
Management Team

Stewart Wong

TITLE
MD & Executive Director
COMPENSATION
HK$38M
AGE
73

Casey Lo

TITLE
Financial Controller
COMPENSATION
HK$3M
AGE
68
TENURE
23.6 yrs

David Tai

TITLE
GM & Executive Director
COMPENSATION
HK$20M
AGE
68
Board of Directors Tenure

Average tenure and age of the Hanison Construction Holdings board of directors in years:

17.8
Average Tenure
68
Average Age
  • The average tenure for the Hanison Construction Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Payson Cha

TITLE
Non-Executive Chairman
COMPENSATION
HK$12M
AGE
76

Stewart Wong

TITLE
MD & Executive Director
COMPENSATION
HK$38M
AGE
73
TENURE
30.6 yrs

Casey Lo

TITLE
Financial Controller
COMPENSATION
HK$3M
AGE
68
TENURE
1.7 yrs

David Tai

TITLE
GM & Executive Director
COMPENSATION
HK$20M
AGE
68

Pak Chan

TITLE
Independent Non Executive Director
COMPENSATION
HK$2M
AGE
66
TENURE
17.8 yrs

Dennis Sun

TITLE
Independent Non Executive Director
COMPENSATION
HK$2M
AGE
68
TENURE
17.8 yrs

Peter Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$1M
AGE
60
TENURE
14.9 yrs

Johnson Cha

TITLE
Non-Executive Director
COMPENSATION
HK$7M
AGE
67
TENURE
17.8 yrs

Wei Zhang

TITLE
Non-Executive Director
AGE
64
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hanison Construction Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Jun 19 Buy Mou Sing Cha Individual 28. Jun 19 28. Jun 19 1,000,000 $0.17 $172,525
28. Jun 19 Buy Mou Sing Cha Individual 27. Jun 19 27. Jun 19 250,000 $0.17 $42,813
27. Jun 19 Buy Kai Lo Individual 26. Jun 19 26. Jun 19 100,000 $0.17 $16,776
27. Jun 19 Buy Kai Lo Individual 27. Jun 19 27. Jun 19 400,000 $0.17 $67,697
29. Mar 19 Buy Kai Lo Individual 28. Mar 19 28. Mar 19 180,000 $0.17 $30,497
29. Mar 19 Buy Kai Lo Individual 27. Mar 19 27. Mar 19 48,000 $0.17 $8,072
05. Mar 19 Buy Mou Sing Cha Individual 28. Feb 19 28. Feb 19 1,000,000 $0.22 $215,295
21. Mar 19 Buy Kai Lo Individual 20. Mar 19 20. Mar 19 106,000 $0.17 $17,824
07. Mar 19 Buy Kai Lo Individual 05. Mar 19 05. Mar 19 632,000 $0.17 $105,724
06. Mar 19 Buy Mou Sing Cha Individual 01. Mar 19 01. Mar 19 956,000 $0.21 $203,419
01. Mar 19 Buy Mou Sing Cha Individual 26. Feb 19 26. Feb 19 1,000,000 $0.22 $220,418
28. Feb 19 Buy Mou Sing Cha Individual 25. Feb 19 25. Feb 19 426,000 $0.22 $92,271
X
Management checks
We assess Hanison Construction Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hanison Construction Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Hanison Construction Holdings Limited, an investment holding company, engages in the construction businesses in Hong Kong. It operates through seven segments: Construction, Interior and Renovation Works, Supply and Installation of Building Materials, Sale of Health Products, Property Investment, Property Development, and Provision of Property Agency and Management Services. The company operates as a builder for residential, commercial, and industrial properties, as well as educational and recreational facilities; and provides design-and-build services. It is also involved in supplying and installing building materials, such as kitchen cabinets, timber flooring, engineering flooring, suspended ceiling systems, firex boards, and poly boards to developers and main contractors; and supplying plumbing pipes and tubes, fittings, and other related accessories, including galvanized pipes, black pipes, stainless steel pipes and tubes, and polyethylene pipes. In addition, the company engages in the maintenance and renovation of clubhouses, shopping arcades, office premises, residential properties, industrial buildings, and institutional facilities; and property/project development consisting of land acquisition/feasibility study, design, construction, sales, and marketing services. Further, it provides property agency and management services, such as property management, rental collection, agency, and leasing services; and sells health supplements, health care equipment, and traditional Chinese medicine. Additionally, the company manufactures and sells building materials; and provides plant maintenance services. It operates nine retail outlets under the HealthPlus name and one services center. Hanison Construction Holdings Limited was founded in 1989 and is headquartered in Shatin, Hong Kong.

Details
Name: Hanison Construction Holdings Limited
HACO.F
Exchange: OTCPK
Founded: 1989
HK$169,705,607
1,090,924,676
Website: http://www.hanison.com
Address: Hanison Construction Holdings Limited
Kings Wing Plaza 1,
22nd Floor,
Shatin,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 896 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Jan 2002
OTCPK HACO.F Ordinary Shares Pink Sheets LLC US USD 10. Jan 2002
Number of employees
Current staff
Staff numbers
611
Hanison Construction Holdings employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:06
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2018/06/26
Last earnings filing: 2019/07/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.